Christopher Rugaber The Associated Press - Page 1

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Federal Reserve signals end to inflation fight with a sizable half-point rate cut

Business September 18, 2024 0

WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two...

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

Business August 14, 2024 0

WASHINGTON (AP) — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in...

Fed Chair Jerome Powell: US inflation is cooling again, though it isn’t yet time to cut rates

Business July 2, 2024 0

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while...